This table highlights some of the key provisions that affect individual and businesses:
*Other changes as well as the final bill adopted can be found here.
*for other rates, see the detailed documents
Applies to post-1986 earnings of 10% owned foreign subsidiaries.
It should be noted that that the favorable long term capital gain tax rates for individual taxpayers, 3.8% net investment tax on certain income, among others, remain the same.
Please contact your GHJ advisor with any questions or to discuss how the proposed tax changes may affect you or your business.